Analysis by an industry leader has examined how the type of borrower affects the likelihood of a mortgage default

Four Aussie Home Loans’ stores in Tasmania have together settled a record 1,100 home loans worth $300 million during the 2015 financial year.

With growth of up to 24% on last year, Aussie chief executive James Symond says Aussie Burnie, Kingston, Launceston and Moonah are giving Sydney and Melbourne brokers a run for their money.

“Compared with Aussie’s footprint across the rest of the country, Tassie has a far smaller number of stores however they are excelling in terms of the number of home loans they’re settling.

“Even when you compare their results to our stores in the thriving markets of Sydney and Melbourne they still hold their ground. Launceston and Moonah settled the fourth and sixth highest number of home loans respectively out of any Aussie store anywhere in the country; now that’s impressive.”

According to Symond, the franchise’s market share is greater than any other state or territory around Australia. As such, Symond says Aussie is “actively looking” to expand their Tasmanian team.

“We are actively looking to expand our team in Tassie so we can give the other states and territories an even bigger run for their money as well as provide more people and communities with Aussie’s award-winning, free home loan advisory service.”

Home sales in Tasmania climbed 1.7% over the June quarter and 7.8% over the year to June, according to the Real Estate Institute of Tasmania. The median house price currently sits at $305,000.

COMMENTS

by Jason6/08/2015 10:35:58 PM

Nice results however with the Aussie brand and engine you would expect it.